R&D Tax Alert (14/01/2014)
Partial professional withholding tax exemption for researchers – BELSPO notification process operational
On Friday 28 June 2013, the Law containing fiscal and financial measures was published in the Belgian Official Journal (Dutch| French). This Law provides, amongst others, for changes with respect to the patent income deduction and the withholding tax exemption for qualified researchers (see our R&D tax alert of 1 July 2013).
This Law introduces the obligation to notify new R&D projects or programs to BELSPO (Belgian Scientific Policy) prior to applying the R&D wage tax exemption from 1 January 2014. For R&D projects and programs having started before 1 January 2014 and still active on the same date, the tax payer should notify BELSPO only before 31 December 2014. Any new R&D project or program starting in 2014 should be notified immediately before applying the withholding tax exemption. The notification can be viewed online via the BELSPO portal.
Click on the below link to view and download the full alert article.
Full article (click on title to open)